Key Facts:
Hyundai Motor Company is a South Korean multinational automotive manufacturer headquartered in Seoul, South Korea, which was founded in 1967.
The Indian electric vehicle (EV) market is projected to grow to over $100 billion by 2032.
Prime Highlights:
Hyundai Motor India’s (HMI) stock hit an over two-month high, rising 5% to Rs 1,928.80, marking a 19% increase over the past seven trading days.
The company reported a 10.5% YoY growth in exports for January 2025, driven by strong demand in international markets.
Key Background:
Hyundai Motor India (HMI) has reached an over two-month high, with its stock surging by 5% on the Bombay Stock Exchange (BSE) during intra-day trading on February 7, 2025. This increase marks a significant rally, with the stock climbing 19% in just the past seven trading days. It reached Rs 1,928.80, its highest level since November 29, 2024, just shy of its 52-week high of Rs 1,968.80 on its listing day in October 2024. The stock’s performance also coincided with a sharp uptick in trading volumes, which rose over five-fold.
The surge in HMI’s stock price follows the company’s robust export performance in January 2025, where it registered a 10.5% year-on-year (YoY) growth in exports. This growth is largely attributed to stable demand in overseas markets, bolstering investor confidence in the company’s international business. In addition, the recent announcement of direct tax cuts in India’s Budget 2025 has been seen as a positive catalyst for the automotive sector. Analysts expect that these changes could particularly benefit segments with a higher proportion of salaried employees, such as entry-level cars and premium motorcycles.
HMI’s strategic focus on the Indian electric vehicle (EV) market is also contributing to its optimism. The company has introduced the Hyundai Creta Electric and plans to expand its EV portfolio further. With a commitment to electrification and development of local charging infrastructure, HMI is positioning itself as a key player in India’s evolving EV landscape. Moreover, HMI remains optimistic about long-term export growth, especially with its emerging market presence in regions such as the Middle East, Latin America, and Africa.
The company is poised to continue focusing on growth, premiumization, and innovation, including exploring eco-friendly powertrains like hybrids and hydrogen. With a stable outlook for exports and the domestic market, HMI is well-positioned to remain a key player in India’s automotive sector.
